HSBC increasing credit card annual fees on 11/3/25

[grandir]

You are correct. I had originally though that but on receiving the card I decided to recheck and must have misread the terms.

www.hsbc.com.au/content/dam/hsbc/au/docs/pdf/pp_rewards_terms.pdf

Yea it's an annual cap of 120,000 points but the little known loophole is that the Qantas version of the card still earns 1 QFF per $ spent at Qantas even if you reach your 120,000 annual limit.

Clause 6.4 of the below says you won't earn any ordinary [Qantas] points beyond 120,000 per year, but clause 7.2 says you will earn 1 bonus [Qantas] point for every $ spent at Qantas. Since HSBC make a distinction between ordinary points and bonus points, it means you can still earn Qantas points beyond the annual cap albeit restricted, but still possible.

https://www.hsbc.com.au/content/dam/hsbc/au/docs/pdf/premier-qantas-terms.pdf

 

[serfty]

Yea it's an annual cap of 120,000 points but the little known loophole is that the Qantas version of the card still earns 1 QFF per $ spent at Qantas even if you reach your 120,000 annual limit.

Clause 6.4 of the below says you won't earn any ordinary [Qantas] points beyond 120,000 per year, but clause 7.2 says you will earn 1 bonus [Qantas] point for every $ spent at Qantas. Since HSBC make a distinction between ordinary points and bonus points, it means you can still earn Qantas points beyond the annual cap albeit restricted, but still possible.

https://www.hsbc.com.au/content/dam/hsbc/au/docs/pdf/premier-qantas-terms.pdf

It is.important to distinguish between the Qantas terms and the Reward Plus terms (the loke.I posted earlier):

The number of ordinary points that can be earned in respect of your account is capped when the total value of your net purchases in each 12-month period reaches 120,000 AUD. The 12-month period is not based on a calendar year but resets on the next anniversary of your account opening date, and on every anniversary thereafter.

..

We will award 1.5 ordinary points for each whole 1.00 AUD of the total value of your net purchases at the end of each statement period(rounded up or down to the nearest dollar).